Upstream guarantees and security by foreign subsidiaries of a U.S. corporate borrower may now be available without adverse U.S. federal income tax consequences to the U.S. parent.
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Tax
Extraordinary profits created under restructurings according to German law – to be exempt or not to be exempt, that is the question!
Recently the German legislature passed a new law, exempting extraordinary profits created by the waiver of claims under restructurings from income tax liability. The amendment was necessary because the German Federal Tax Court had previously held the original administrative decree (which in a conceptually different manner avoided the tax burden on such profits) unlawful. This article gives a brief overview over the legislative history and the practical consequences of the amendment.…
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Totgesagte leben langer – Steuerverluste ab 2008 doch nicht verloren
By Dr Ingmar Doerr & Dr Andreas Eggert on
In seiner lange erwarteten Entscheidung zur Verfassungsmäßigkeit von § 8c KStG, der Vorschrift zum Verlustuntergang bei Beteiligungswechseln, hat das Bundesverfassungsgericht (“BVerfG”) am 29. März 2017 eine Entscheidung getroffen (2 BvL 6/11), die jetzt bekannt gemacht wurde. Das BVerfG hält § 8c Abs. 1 Satz 1 KStG für verfassungswidrig.